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Economics

Evergreen, X-Press Feeders sign green methanol shipping agreement

Taiwanese container shipping major Evergreen Marine has signed an agreement to use Singapore-based X-Press Feeders' new green methanol ships in Europe.

Power loss forces bp to shut biggest U.S. Midwest refinery

bp was purging its 435,000-bpd Whiting, Indiana, hydrocarbon refinery after a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers.

Stamicarbon secures contracts for ultra-low energy urea plant in China

Jiangsu Huachang Chemical Company awards to Stamicarbon, the nitrogen technology licensor of the MAIRE engineering group, licensing and equipment supply contracts for a urea melt plant in China.

Yokogawa releases Extractive Tunable Diode Laser Spectrometer TDLS8220

Yokogawa Corporation of America announced the release of the Extractive Tunable Diode Laser Spectrometer TDLS8220, a new generation OpreX Analyzer product.

ERIKS North America honors founding legacy with rebrand to LGG Industrial

ERIKS North America, a provider of fluid handling, sealing, and material conveyance solutions, is rebranding to LGG Industrial.

Iran's oil minister traveling to Venezuela for talks on refining, petrochemicals

The ministers plans to discuss joint refining, engineering and petrochemical projects, including the overhaul of Venezuela's refineries

Colonial Oil Industries and TICO lead sustainable energy transition in the Southeast U.S. with launch of renewable diesel

Colonial Oil Industries, Inc. announced a partnership with Neste, TICO, and Gateway Terminals in the offering of renewable diesel to customers and businesses in the region, marking a significant stride towards a more sustainable future in the Southeast.

MHI Compressor International Corporation selected to supply critical turbomachinery for Dow’s net-zero ethylene cracker complex in Canada

Mitsubishi Heavy Industries Compressor International Corporation will supply critical turbomachinery packages to Dow for their Fort Saskatchewan Path2Zero Project – the world’s first net-zero scope 1 and 2 CO2 emissions ethylene cracker.

NextChem awarded licensing and equipment supply based on its proprietary technology for an ultra-low energy urea melt plant by Jiangsu Huachang Chemical Co.in China

Maire announces that NextChem, through its nitrogen technology licensor Stamicarbon, has been awarded licensing and equipment supply contracts for a urea melt plant in China by Jiangsu Huachang Chemical Co.

Fuel tanker Luggati loads at Novatek's Ust-Luga terminal

The tanker Luggati is being loaded at Novatek's NVTK.MM terminal at the Baltic Sea port of Ust-Luga, where the company's fuel-producing complex was damaged by fire in January.